Karina Hiselman
Berkshire Hathaway HomeServices Starck Real Estate
(872) 217-9978
78 Total Sales
2 in Ballard Terrace
$255K - $295K Price Range
8293 W Oak Ave Niles, IL 60714
Ballard Terrace Neighborhood
11
Beds
6
Baths
5,049
Sq Ft
7,076
Sq Ft Lot
Highlights
- Laundry Room
- Baseboard Heating
- Heating System Uses Steam
About This Home
As of May 2025Rare Investment Opportunity - Fully Leased 6-Unit in Prime Niles Location! Welcome to 8293 W Oak Ave in Niles, IL-a rarely available investment opportunity offering immediate cash flow with strong value-add potential. Properties like this don't hit the market often! This well-maintained 6-unit brick building features five spacious 2-bedroom units and one 1-bedroom unit, all fully leased with long-term tenants. The property has been thoughtfully updated, including renovated kitchens and bathrooms in 2023 with quartz countertops, modern cabinetry, and stainless steel appliances. Additional improvements include energy-efficient windows installed in 2022 and select units featuring flawless hardwood flooring. Investors will appreciate the added income from coin-operated laundry machines (installed in 2023), six dedicated parking spaces, and a newly paved asphalt parking lot (completed in 2024). Key Investment Advantage: Rents have been kept below market rates out of courtesy to long-term tenants, presenting significant potential for future income growth. With rental prices in the area continuing to rise, this property offers an excellent opportunity to increase revenue while maintaining strong tenant retention. With a 7 cap rate, this property delivers an attractive return in a highly desirable location with top-rated schools, parks, shopping, and dining nearby. Schedule your private tour today-opportunities like this don't last!
Last Agent to Sell the Property
Alexandra Botiz
Coldwell Banker Realty License #475158356 Listed on: 02/28/2025
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,426
Year Built
- Built in 1967
Lot Details
- 7,076 Sq Ft Lot
- Lot Dimensions are 61x122x55x122
Parking
- 6 to 12 Parking Spaces
Home Design
- Brick Exterior Construction
- Composition Roof
- Concrete Perimeter Foundation
- Masonite
Interior Spaces
- 5,049 Sq Ft Home
- 3-Story Property
- Laundry Room
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Hot Water Heating System
- Heating System Uses Steam
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $300
- Fuel Expense $2,200
- Insurance Expense $2,400
- Trash Expense $1,320
- Water Sewer Expense $3,000
- Operating Expense $25,647
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 28, 2025
Closed on
May 5, 2025
Sold by
Bought by
Seller's Agent
Alexandra Botiz
Coldwell Banker Realty
Buyer's Agent
Simon Danuta
Redstart Inc.
List Price
$1,199,000
Sold Price
$1,100,000
Premium/Discount to List
-$99,000
-8.26%
Views
42
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Outstanding Balance
$814,703
Interest Rate
6.76%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 12, 2019
Closed on
Oct 11, 2019
Sold by
Bought by
Seller's Agent
Lydia Memeti
REMAX Legends
Buyer's Agent
Alexandra Botiz
Coldwell Banker Realty
List Price
$639,900
Sold Price
$650,000
Premium/Discount to List
$10,100
1.58%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.91%
Original Mortgage
$487,500
Interest Rate
3.4%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Oct 10, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
6.36%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Ballard Terrace, IL
-
Karina Hiselman
-
Ted Krzysztofiak
Ted Krzysztofiak
RE/MAX City
(773) 693-2750
196 Total Sales
1 in Ballard Terrace
$380,000 Price
-
Donata Ostapyshyn
Donata Ostapyshyn
RE/MAX Suburban
(224) 404-2449
93 Total Sales
1 in Ballard Terrace
$330,000 Price
-
Jovandi Bermudez
Jovandi Bermudez
Fathom Realty IL LLC
(708) 818-6905
41 Total Sales
1 in Ballard Terrace
$575,000 Price
-
Vasilios Nikolopoulos
Vasilios Nikolopoulos
@properties Christie's International Real Estate
(224) 509-6797
21 Total Sales
1 in Ballard Terrace
$760,000 Price
-
Cecille Plurad
Cecille Plurad
Coldwell Banker Realty
(877) 761-6689
181 Total Sales
1 in Ballard Terrace
$670,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,100,000 | None Listed On Document | ||
| $650,000 | Landtrust National Title | ||
| $645,000 | Multiple |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $825,000 | ||
| Previous Owner | $487,500 | ||
| Closed | $425,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/09/2025 05/09/25 | Sold | $1,100,000 | -8.3% | $218 / Sq Ft | |
| 03/12/2025 03/12/25 | Pending | -- | -- | -- | |
| 03/01/2025 03/01/25 | For Sale | $1,199,000 | +84.5% | $237 / Sq Ft | |
| 10/15/2019 10/15/19 | Sold | $650,000 | +1.6% | -- | View Prior Sale |
| 07/26/2019 07/26/19 | Pending | -- | -- | -- | |
| 07/26/2019 07/26/19 | For Sale | $639,900 | -1.6% | -- | |
| 06/22/2019 06/22/19 | Off Market | $650,000 | -- | -- | |
| 06/12/2019 06/12/19 | For Sale | $639,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $16,426 | $84,001 | $8,638 | $75,363 |
| 2024 | $16,426 | $63,754 | $7,256 | $56,498 |
| 2023 | $16,271 | $67,239 | $7,256 | $59,983 |
| 2022 | $16,271 | $67,239 | $7,256 | $59,983 |
| 2021 | $15,855 | $54,639 | $6,219 | $48,420 |
| 2020 | $16,476 | $60,041 | $6,219 | $53,822 |
| 2019 | $17,132 | $71,102 | $6,219 | $64,883 |
| 2018 | $11,231 | $42,112 | $5,355 | $36,757 |
| 2017 | $11,120 | $42,112 | $5,355 | $36,757 |
| 2016 | $13,176 | $53,472 | $5,355 | $48,117 |
| 2015 | $10,239 | $38,066 | $4,491 | $33,575 |
| 2014 | $10,350 | $39,884 | $4,491 | $35,393 |
| 2013 | $11,076 | $43,462 | $4,491 | $38,971 |
Source: Public Records
Agents Affiliated with this Home
-
A
Seller's Agent in 2025
Alexandra Botiz
Coldwell Banker Realty
-
Simon Danuta
Buyer's Agent in 2025
Simon Danuta
Redstart Inc.
(773) 888-3325
1 in this area
68 Total Sales
-
Lydia Memeti
Seller's Agent in 2019
Lydia Memeti
RE/MAX
(708) 267-0971
335 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12299545
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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